FHFA: U.S. House Prices Rise 1.1 Percent in Fourth Quarter 2018
U.S. house prices rose 1.1 percent in the fourth quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from the fourth quarter of 2017 to the fourth quarter of 2018. FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November. The…
HUD: Additional $652 Million Approved to Support Texas in Its Recovery from Hurricane Harvey
Action supports $5 Billion in disaster recovery already approved by HUD U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced HUD is approving an additional $652 million to support Texas in its recovery from Hurricane Harvey. The recovery plan HUD is approving today will further assist the state’s $5 billion HUD-funded…
HUD: FHA Pilot Program Expanded to Accelerate Financing of Low-Income Housing Tax Credit Projects
Action designed to speed production of critically needed affordable housing U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a significant expansion of a Federal Housing Administration (FHA) pilot program that streamlines FHA mortgage insurance applications for affordable housing developments that have equity from the sale of Low-Income Housing Tax Credit (LIHTC) Program,…
HUD: Advance Notice Drastically Cut to 14 Days for Inspections of Public Housing and Privately Owned Apartment Buildings
14-day advance notice designed to encourage year-round maintenance The U.S. Department of Housing and Urban Development (HUD) today announced it is dramatically reducing the advance notice it provides to public housing authorities (PHAs) and private owners of HUD-subsidized apartment developments before their housing is inspected to ensure it is decent, safe and healthy. HUD’s new…
HUD: $10 Million in “Sweat Equity” Grants Announced
SHOP grants enable homeownership opportunities for 539 families The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to support four non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the grants awarded today, along with…
HUD: Over $2 Billion Awarded to Help End Homelessness
Federal grants to help thousands of homeless assistance programs nationwide The U.S. Department of Housing and Urban Development today awarded $202 million in FY18 Continuum of Care (CoC) Program grants to support new homeless programs across the country, including nearly $50 million to projects dedicated to assisting survivors of domestic violence, dating violence, and stalking….
HUD: Secretary Carson Announces Agreement to Address Longstanding Issues at New York City Housing Authority
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced an agreement with the City of New York and the New York City Housing Authority (NYCHA) to provide a new roadmap forward for NYCHA that will address the longstanding issues at the housing authority’s properties. Read the agreement. “The families who have endured unimaginably…
HUD and Census Bureau: New Residential Sales Report for November 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for November 2018: New Home Sales Sales of new single-family houses in November 2018 were at a seasonally adjusted annual rate of 657,000. This is 16.9 percent (±19.9 percent)* above the revised October…
HUD: Funding Renewed to Thousands of Local Homeless Programs
$2 billion to renew existing grants to 5,800 community-based housing and service providers The U.S. Department of Housing and Urban Development (HUD) today awarded approximately $2 billion to renew support to thousands of local homeless assistance programs across the nation. HUD’s Continuum of Care grants will provide critically needed support to 5,800 local programs on…
FHFA: Indices Show Little Movement in Mortgage Interest Rates in December 2018
Nationally, interest rates on conventional purchase-money mortgages were nearly flat from November to December, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.83 percent for loans closed in late December, down 3 basis points from 4.86 percent…